Question

Which of the following statements is not true concerning rent-to-own agreements? a. There may be additional fees attached. b. The cost is higher than outright purchase of the item. c. The rent-to-own store must tell you the APR of the loan. d. Financial disclosure laws do not always apply.

Answer 1

Among the choices, the letter that suits the question is B. The contracts of rent-to-own service are not written like loans, thus the rate of  Annual Percentage are not exposed. However, it is untrue that the cost is higher compared to the outright purchase of the item because an item or device is part of the cost.